Bank will not rush into moving rates despite ‘big energy shock’, says Bailey The Bank of England boss said the energy shock will push up prices across the world. Evening Standard · Apr 16
India Is No Longer In The Top 5, But Experts Still See A Top 3 Economy Ahead That sounds like a setback, but the actual story is more complex than a simple “India fell behind.” The ranking is based on nominal GDP in US dollars, not domestic purchasing power or local-currency growth. So a country can keep growing at home and still fall in the global table… Times Life · Apr 16
IMF chief Georgieva warns ‘everyone will feel the impact’ of energy price shock, as UK growth beats forecasts – as it happened There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA The Guardian - UK · Apr 16
The Middle East crisis has exposed NZ to a global fertiliser shock. Where is its plan? New Zealand and Australia like to think of themselves as food powerhouses. The Conversation · Apr 16
Reeves gives more energy bill support to businesses as Iran war pushes up costs Scheme cutting bills by up to 25% expanded to cover 10,000 firms, but they will not be paid until next year The Guardian - UK · Apr 15
Major humiliation for Donald Trump as ships ignore his Hormuz blockade bluff and sail right through Donald Trump’s high-stakes gamble to squeeze Iran by blockading the Strait of Hormuz just got a reality check. Within hours of the U.S. Navy’s supposed ironclad blockade taking effect, multiple ships — including some linked to Iran and even a Chinese tanker — sailed right through the waterway like it… The Mary Sue · Apr 15
Job market yet to feel impact of Iran war, rate hikes Australia's relatively low jobless rate has reinforced the Reserve Bank's view the labour market is still tight, adding to the case for more rate hikes. AAP · Apr 15
The IMF refuses to name the cause of this global chaos. It starts with ‘Donald’ and ends in ‘Trump’ The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages The Guardian - AU · Apr 15
Reeves warns impact of Iran war on economy will persist once hostilities end The Chancellor and international counterparts said the conflict had caused ‘unacceptable loss of life’ and ‘significant’ economic turmoil. Evening Standard · Apr 15
Economic shock from Iran war risks driving up global debt levels, says IMF Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report says The Guardian - UK · Apr 15
S&P Futures Muted After Rally, U.S. Economic Data and Earnings in Focus June S&P 500 E-Mini futures (ESM26) are trending down -0.04% this morning, taking a breather after a rally fueled by optimism about the prospect of a peace deal in the Middle East. Barchart · Apr 15
Donald Trump says he's reopening Strait of Hormuz 'permanently' as Britain slams his war as a folly Iran has blocked attempts by the US president to prize open the key strait in the Gulf Evening Standard · Apr 15
Reeves digs heels in over defence boost despite fears UK security is ‘in peril’ The armed forces are thought to be facing a financial black hole of around £28bn over the next four years The Independent UK · Apr 15
IMF calls for countries to economise on energy supplies, and hails UK’s budget deficit improvement – as it happened Rolling coverage of the latest economic and financial news, as IMF managing director Kristalina Georgieva gives a press conference in Washington DC The Guardian - UK · Apr 15
The Guardian - AU · Apr 15 US Senate fails to pass war powers resolution for fourth time – as it happened White House denies US asked for ceasefire extension and says negotiations are ‘ongoing’; Benjamin Netanyahu says ‘too early to say how matter will end’
The Guardian - AU · Apr 14 Morning Mail: households cut back amid global economy warning, Taylor ‘debasing’ himself on immigration, Milo myths Dinner tables featuring cheaper meat and less wine as IMF scenario points to slower growth; Howard-era minister criticises Liberal immigration plan
Fortune · Apr 14 Xi Jinping says the world order is ‘crumbling into disarray.’ Larry Fink and the IMF are worried about a global recession The Iran war, trade chaos, and a shifting geopolitical landscape are converging into what could be the defining economic moment of the decade.
Evening Standard · Apr 14 Middle East conflict sparked major supply shock, says Bank of England boss Andrew Bailey made his comments as the UK was given a gloomy economic outlook by the International Monetary Fund.
The Independent UK · Apr 14 As recession looms, Donald Trump desperately needs a deal THE INDEPENDENT VIEW: Editorial: As red warning lights flash on the world’s economy, the man who claims to be the master of the art of dealmaking has never needed a win more
Euronews · Apr 14 IMF drops Eurozone's economic growth forecast to 1.1% from 1.4% amid Iran war The International Monetary Fund (IMF) has adjusted its growth projection for the eurozone down to 1.1% from 1.4% for 2026 as prospects for the euro area dwindle amid higher inflation and reduced momentum.
AAP · Apr 14 'Pretty severe': warnings for Australia ahead of budget One of the world's leading economic bodies has warned a global recession could be on the way if the Middle East conflict is not resolved quickly.
The Guardian - UK · Apr 14 Reeves arrives at IMF with little leeway to prove its UK downgrade wrong Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loser
Evening Standard · Apr 14 Stocks rise, oil falls, on fresh Middle East hope The FTSE 100 closed up 26.10 points, 0.3%, at 10,609.06.
International Business Times · Apr 14 IMF Slashes Global Forecast Growth As a Result If Iran War But Sees Short-Lived Conflict The International Monetary Fund (IMF) slashed its global forecast war as a result of the war in Iran and presented different scenarios based on the duration of the conflict.